Trump family to receive 75% of World Liberty Financial’s revenue. The crypto project emphasizes no political ties or involvement.
Donald Trump’s family-run crypto project, World Liberty Financial (WLF), has released a 13-page document detailing how the project operates and how the tokens are allocated. According to the document, the Trump family will receive 75% of the project’s net proceeds, without any liability. The project emphasizes that it is not involved in any political activities, despite Trump’s public support.
The document called the “World Liberty Gold Paper” also states that Trump and his family will be given 22.5 billion “$WLFI” tokens. These tokens are currently worth $ 337.5 million at a launch price of 1.5 cents per token. WLF is aiming at being a crypto bank where users are encouraged to borrow, lend and stake in cryptocurrencies. However, the project has not been very successful in its implementation since only $12.9 million has been realized out of $300 million sale target of the initial coin.
WLF Details 75% Revenue Share for Trump Family, Excludes Political Ties
The Trump family’s involvement in the project is highlighted. However, it is stated that neither Donald Trump nor his family members hold official roles within WLF or its affiliates. This means that they are not in charge of project managing or executing the project. The document also affirms that the project is not in any political support and therefore is not related to any political campaign.
WLF is designed in a manner that Trump family directly benefits from the project’s revenue whereby 75% of net protocol revenues are paid to a company based in Delaware that has interests of Trump. The remaining 25% of revenue is shared between Axiom Management Group and its founders. Additionally, some funds will go to WC Digital Fi. This affiliate is connected to Steve Witkoff’s company. As a result, the project is linked to Trump’s political network.
The document also outlines the distribution of tokens. Most will be sold through the token sale and community funds. However, the exact allocation remains unclear. Trump is named the “chief crypto advocate,” and his sons are dubbed “Web3 ambassadors.” As of now, the project is still in its development phase. Therefore, the token distribution plan may change in the future.
